- Long Ridge Data Centers is owned and being developed by Fortress Transportation and Infrastructure (NYSE: FTAI), a publicly traded, permanently capitalized company
- Fortress has invested over $17 billion in transportation, infrastructure and energy assets since 2001 including railroads, ports and energy terminals
- As of September 2019, FTAI had total consolidated assets of $3.1 billion and total equity capital of $1.1 billion
- FTAI is an affiliate of Fortress Investment Group (a SoftBank company), a $45bn global asset manager
ASHBURN, VA. (PRWEB) JUNE 24, 2019 -- DP Facilities, Inc. has selected a site in Hannibal, Ohio for its next world-class data center campus. The facility will be constructed next to the 485 Megawatt natural gas-fired Long Ridge Energy Terminal being developed by Fortress Transportation and Infrastructure Investors LLC, offering hyperscale data center customers up to 125 Megawatts of that electricity at the extremely low cost of approximately 4.5 cents per kWh.
CHICAGO, Dec. 23, 2019 /PRNewswire/ -- GCM Grosvenor (GCM), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire a 49.9% equity interest in the Long Ridge Energy Terminal ("Long Ridge" or "the terminal") from Fortress Transportation and Infrastructure Investors (NYSE: FTAI) for $150 million in cash plus an earn-out.